Elon Musk’s social media platform, X, has sparked renewed interest after revised software code was leaked. The leaked information has sparked speculation about an early introduction of the highly anticipated X Money payment system.
For its payments business, X Payments LLC, X has been actively pursuing money transmitter licenses, allowing it to operate in 39 states. However, recent findings indicate that the system may launch even without full coverage in all 50 states. A screenshot of the code shows the warning, “X money is not available in your state,” leading to concerns about a gradual deployment.
Users can easily tip content providers with the X Money system. Given Musk’s previous support for Bitcoin and Dogecoin, there is widespread speculation that cryptocurrency will play an important part in the platform’s payment infrastructure. Cryptocurrency specialist Alex Finn hinted that digital currencies might be a key component of X Money, calling it the “fastest way to move currency.”
X CEO Linda Yaccarino recently announced that X Money will arrive in 2025. However, X has not verified the veracity of the leaked code, making the exact distribution timeline questionable.
If the reports are correct, the service will initially be available in the 39 states where licenses have been secured. States such as New York, Massachusetts, and Washington, among others, would need to wait for regulatory permissions.
Rumors suggest that Elon Musk’s longstanding support for Dogecoin could lead to its integration into X Money’s payment options. Tesla, Musk’s electric vehicle company, already takes Dogecoin for certain transactions, which increases the likelihood of its inclusion in this new system. As expectation grows, X Money is ready to transform social media interactions by combining innovation and financial technology to provide a smooth payment experience
